TÜROFED - İŞ BANKASI LOAN PROTOCOL
22.01.2009
COOPERATION BETWEEN İŞ BANKASI AND TÜRKİYE OTELCİLER FEDERASYONU (TÜROFED)
The "Loan Protocol," which provides association members affiliated with the Türkiye Otelciler Federasyonu with the opportunity to utilize cash loans and cash management products under special conditions, was signed between the Türkiye Otelciler Federasyonu and Türkiye İş Bankası A.Ş. on January 22, 2009.
In the protocol signed to meet the various financing and cash management needs of member companies;
· Carrying out Tax/SSK payments through İş Bankası,
· Providing at least 3 automatic bill instructions, and
· Establishing a Member Merchant Agreement
under these conditions, the following interest rates can be applied to the products listed below for members:
Tourism Business Loan
Loans for business needs are provided as TL or foreign currency with maturities of up to 12 months, with interest and principal payments at the end of the term every 3 or 6 months, or as TL loans with monthly or flexible installment payments.
Interest rates to be applied to the loan;
· For foreign currency loans with interest and principal payments at the end of the term every 3 or 6 months: annual EURIBOR/LIBOR +7,
· For TL loans with interest and principal payments at the end of the term every 3 or 6 months:
Up to 1 month maturity: annual 24.50%,
Up to 1-3 months maturity: annual 26%,
Up to 3-6 months maturity: 27.50%,
Up to 6-12 months maturity: 28.50%,
· For monthly/flexible installment payment TL loans, they are determined as follows:
MATURITY No upfront commission (monthly) With upfront commission (monthly)
1- 12 months % 1.95 % 1.79
Tourism Sector Investment Loan
These are loans to be provided by İş Bankası within the scope of its Small Businesses Medium and Long-Term Investment Loan.
For the financing of hotel, facility, machine/equipment, etc. investments, these are provided with suitable interest rates, with the first year being principal-free, for a total maximum maturity of 5 years.
The interest rate to be applied to Tourism Sector investment foreign currency loans is EURIBOR/LIBOR+%9.75, while for TL loans, an annual TRLIBOR+%5.5 interest rate will be applied.
Installment Payment Commercial Loans
TL loan options with monthly or flexible installment payments are offered to association members affiliated with TÜROFED with special interest rates and maturities of up to 36 months.
No upfront commission (monthly) With upfront commission (monthly)
1- 12 months % 1.95 % 1.79
13- 24 months % 2.00 % 1.92
25- 36 months % 2.05 % 1.99
Small Businesses Invoiced Shopping Loan
For requirements such as office equipment, computers, durable consumer goods, etc. to be used in accommodation facilities, the Small Businesses Invoiced Shopping Loan is provided with monthly/flexible installment payments and a maximum maturity of 36 months.
In case no 1% upfront commission is collected (monthly) In case 1% upfront commission is collected (monthly)
1- 12 months % 1.95 % 1.79
13- 24 months % 2.00 % 1.92
25- 36 months % 2.05 % 1.99
Letter of Guarantee
Letters of guarantee can be utilized under special conditions.
Leasing Guarantee Loan
İş Bankası can act as a guarantor for leasing transactions to be carried out between your company and İş Finansal Kiralama A.Ş.
Foreign Currency Indexed Check Discount Loan
For the purpose of discounting bank checks other than checks drawn on İş Bankası, personal checks, International Money Orders (IMO), and traveler's checks presented by third parties, a Foreign Currency Indexed Check Discount Loan can be provided under suitable conditions.
TL Check Discount/Purchase Loan
In addition to customers, the TL Check Discount/Purchase product can be utilized by subjecting checks received from the tour operators worked with to a bulk discount process at an interest rate suitable for the weighted average maturity of the checks, in return for sales made.
Corporate Credit Card
Corporate credit cards are offered to cover the travel expenses, meals, etc., and representation expenses of company managers.
Overdraft Commercial Deposit Account
You can use your overdraft commercial deposit account for the financing of regular payments such as checks, instructed invoices, SSK premium payments, tax payments, rent, and your short-term cash needs.
Member Merchant Agreements (POS)
Member merchant agreement commission rates are determined as follows:
MEMBER MERCHANT COMMISSION RATES
CREDIT CARDS FOREIGN BANK (%) İŞ BANKASI (%) DOMESTIC OTHER BANK (%)
NEXT BUSINESS DAY PAYMENT 1 1.60 1.85
Within the total credit card transaction volume, for members whose foreign credit card transaction volume is 30% or more, under the scope of an additional protocol they will sign with an İş Bankası branch, the following discounted commission rates/waiting day counts can be applied by determining the financial condition applied to foreign credit cards as 0% commission and next business day:
Foreign Card Transaction Volume Ratio Domestic (Yİ) Card Transaction Volume Ratio Commission Rate Applicable to Yİ Cards Number of Days Applicable to Yİ Cards (Calendar Days) Number of Days Applicable to Yİ Cards (Business Days)
70% 30% 0.00% 1 1
65% 35% 0.45% 9 8
60% 40% 0.79% 16 13
55% 45% 1.05% 22 17
50% 50% 1.26% 26 20
45% 55% 1.44% 30 23
40% 60% 1.58% 33 25
35% 65% 1.70% 35 27
30% 70% 1.80% 38 29
Cash Management Products
Electronic Check Collection
Check information received from members who provide a large number of checks for collection via e-mail or floppy disk is uploaded to our Bank's system, and the status information is notified to members electronically.
Multi Transfer - EFT System
Members who perform a large number of EFTs and transfers during the day, if they send the information regarding their transfers and EFTs to our Bank electronically (e-mail, floppy disk, etc.), the transactions are performed automatically by our Bank and the status information is transmitted to members electronically.
Regular Payment System
All regular payments, whether one-time or continuous in nature, such as rent, association dues, etc., are performed automatically and free of charge by our Bank based on an instruction to be given by members.
Accounting Management
If members using SAP Accounting Programs in their accounting send transfer, EFT, and check entries to our Bank's system electronically, the results of the transactions are received electronically and accounting records are automatically generated.
Tourist Facility Insurance
With Anadolu Anonim Türk Sigorta A.Ş.'s "tourist facility insurance" product, which is directed towards the tourism sector, covers the risks that tourism businesses may encounter comprehensively with a single policy and can also include optional additional coverages, the buildings, contents (fixtures, machinery-installations, commodities, safe contents, items in rooms and left in custody, etc.), customers staying at the facility, employees, and third parties of hotels, motels, holiday villages, and similar tourist facilities can be insured.